Question

May	1	Paid rent for May, $5,000.
	3	Purchased merchandise on account from Martin Co., terms 2/10, n/30, FOB shipping point, $36,000.
	4	Paid freight on purchase of May 3, $600.
	6	Sold merchandise on account to Korman Co., terms 2/10, n/30, FOB shipping point, $68,500. The cost of the merchandise sold was $41,000.
	7	Received $22,300 cash from Halstad Co. on account.
	10	Sold merchandise for cash, $54,000. The cost of the merchandise sold was $32,000.
	13	Paid for merchandise purchased on May 3.
	15	Paid advertising expense for last half of May, $11,000.
	16	Received cash from sale of May 6.
	19	Purchased merchandise for cash, $18,700.
	19	Paid $33,450 to Buttons Co. on account.
	20	Paid Korman Co. a cash refund of $13,230 for returned merchandise from sale of May 6. The invoice amount of the returned merchandise was $13,500, and the cost of the returned merchandise was $8,000.

I've done May 1st-4th

Answer 1

Journal entries are as prepared below:

Date	Particulars	L.F	Amount ($)	Amount ($)
May-01	Rent Expense		5,000
	Cash			5,000
	(For rent paid)
May-03	Purchases		36,000
	Account Payable-Martin Co			36,000
	(for goods purchased on credit 2/10, n/30)
May-04	Freight Inwards		600
	Cash			600
	(For freight charges paid)
May-06	Account Receivable-Korman Co		68,500
	Sales			68,500
	(For goods sold)
May-07	Cash		22,300
	Account Receivable-Halstad Co			22,300
	(For cash received)
May-10	Cash		54,000
	Sales			54,000
	(For goods sold)
May-13	Account Payable-Martin Co		36,000
	Purchase discount			720
	Cash			35,280
	(for cash paid)
May-15	Advertising Expense		11,000
	Cash			11,000
	(for paid for advertising expense)
May-16	Cash		67,130
	Sales discount		1,370
	Account Receivable-Korman Co			68,500
	(For cash received)
May-19	Purchases		18,700
	Cash			18,700
	(For goods purchased)
May-19	Accounts Payable-Buttons Co		33,450
	Cash			33,450
	(for cash paid)
May-20	Sale Return		13,500
	Cash			13,230
	Sale discount			270
	(for cash paid for sale return)